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user100 [1]
3 years ago
14

What is the equation to find d

Mathematics
1 answer:
Darya [45]3 years ago
8 0
Ebjnxnebchhxbbxhdhdbhx
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Find the present value that will grow $1000 if the annual interest rate is 7.5% compounded quarterly for 5 years
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Answer:

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Step-by-step explanation:

Formula:

A = P(1 + r/4)^n

In this case:

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P = ?

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N = 5

---

1000 = P(1+.075/4)^5

1000 = P(1.01875)^5

1000 = P(1.097332163)

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